Import Duties: Tax Allowances
(asked on 7th July 2026) - View Source
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, with reference to HM Revenue and Customs' press release entitled Government backs high street with acceleration of cheap import reforms and crackdown on dodgy online sellers, published on 23 June 2026, what estimate she has made of the additional customs revenue expected to be generated by accelerating the removal of customs duty relief.
This question was answered on 15th July 2026
At Tax Update Day 2026, the Government announced that it would accelerate the removal of the customs duty relief for low value imports and introduce a new set of customs arrangements by October 2028 at the latest. As set out at Autumn Budget 2025, the Government estimated that reforming the customs treatment of low value imports would raise around £500 million per year once fully implemented. The final costing of accelerating implementation will be subject to scrutiny by the Office for Budget Responsibility and will be set out at a future fiscal event.
At Tax Update Day 2026, the Government announced that it would accelerate the removal of the customs duty relief for low value imports and introduce a new set of customs arrangements by October 2028 at the latest. As set out at Autumn Budget 2025, the Government estimated that reforming the customs treatment of low value imports would raise around £500 million per year once fully implemented. The final costing of accelerating implementation will be subject to scrutiny by the Office for Budget Responsibility and will be set out at a future fiscal event.